XAI narxiXAI

TL;DR One of the wealthiest people on the planet is known for his ability to impact crypto markets with his announcements, comments, and other interactions. Most recently, Musk changed his account name on X (formerly Twitter) to “gorklon rust” and put the logo of the recently-launched meme coin New XAI Gork (GORK) as his profile picture. The asset in question soared by roughly 75% to around $0.0832 (per CoinGecko’s data). In the following hours, GORK retreated to the current $0.0678 but remains in the green on a daily scale. Meanwhile, the token’s market capitalization briefly spiked above $80 million before settling at around $67 million (as of this writing). GORK draws inspiration from the AI chatbot Grok. The latter is developed by xAI – a company founded by Musk – and provides witty alternatives to other AI assistants like ChatGPT. Grok is also deeply integrated into X. Other memes in that category also experienced enhanced volatility after Musk’s actions. $GROK, for instance, surged by double digits. However, that peak was short-lived, and in the following hours, the gains were almost entirely erased. Several months ago, the price of another meme coin jumped substantially after a similar interaction from Elon Musk. Towards the end of last year, Tesla’s CEO changed his profile picture on X to Kekius Maximus, an amphibian wearing ancient Roman armor. The frog-themed meme coin KEKIUS reacted more than positively, with its price skyrocketing by nearly 4,000% in a matter of a single day. Meanwhile, the whopping rally allowed savvy traders to turn investments of under $100 into millions of dollars. As in many other cases, though, KEKIUS’s bull run was short-lived. Its valuation collapsed by 60% in the span of 24 hours after Musk was no longer visible as Kekius Maximus on the social media platform. The slide continued in the following months, and the meme coin is now down almost 90% since the peak at the start of the year. This is another example of the risks and dangers associated with the niche. That said, people contemplating dealing with meme coins should do proper research beforehand and invest only as much as they are ready to part with.

New XAI Gork (GORK) is experiencing significant market activity. 🔍 Key Insights on GORK 1. Elon Musk's Influence: A recent tweet by Elon Musk, where he referred to himself as “Gorklon Rust,” sparked a surge in GORK's price, pushing it up by over 70% to a peak of $0.06564. 2. Market Volatility: Despite the surge, GORK's price has shown volatility, with fluctuations between $0.047 and $0.083. 3. Technical Indicators: Analysts note signs of early accumulation in GORK, suggesting potential for future growth, but caution that volatility remains a concern. 4. Community Engagement: GORK has gained attention from crypto communities and influencers, contributing to its increased visibility and trading volume. --- 📈 Price Predictions Short-Term (May 2025): Predictions indicate that GORK could trade between $0.011 and $0.014 by the end of May, depending on market conditions. Long-Term (2025): Analysts suggest that if current trends continue, GORK might maintain momentum above $0.11, although this is contingent on broader market factors. ⚠️ Considerations Speculative Nature: GORK's recent price movements have been heavily influenced by social media and celebrity endorsements, which can lead to unpredictable volatility. Investment Caution: Potential investors should conduct thorough research and consider the risks associated with investing in highly volatile assets like GORK.

$GORK (New XAI Gork) is trending, and it's worth a closer look. What is GORK? GORK appears to be part of the XAI ecosystem, which is focused on making blockchain gaming more accessible. XAI allows traditional gamers to own and trade in-game items without needing deep crypto knowledge.

Today trading coins 1. AIC (AI Companions) – Possibly riding the AI hype wave. 2. VANRY (Vanar Chain) – Gaining traction, maybe a new L1/L2 chain. 3. ABT (Arcblock) – A long-standing project with Web3 dev tools. 4. GORK (New XAI Gork) – A fresh entry, likely linked to the XAI ecosystem. 5. SUI (Sui) – A popular L1 blockchain with strong backing. 6. VIRTUAL (Virtuals Protocol) – Likely Metaverse-related. 7. SOL (Solana) – A mainstay L1 blockchain, consistently relevant.

New XAI Gork (GORK) is a meme coin launched on the Solana blockchain, inspired by Elon Musk’s xAI chatbot, Grok. Despite its humorous origins, GORK has garnered significant attention in the crypto community, experiencing notable price surges and high trading volumes. New XAI Gork (GORK) has seen erratic yet increasingly structured price action since launching, with visible breakouts from compression zones across lower timeframes. The 15-minute chart reveals periodic expansions in volatility, most notably on May 3 and 4, when GORK briefly surged past $0.09 before retracing. Bollinger Bands have widened significantly around these spikes, indicating a rise in momentum traders but also an absence of steady directional bias. On the MACD, both histogram and signal lines have crossed into neutral-to-bearish zones following the recent rally, hinting at a pause or pullback in the short term. The RSI currently hovers around 42, suggesting mildly bearish intraday pressure, but not deep enough to imply oversold conditions. This could lead to lateral consolidation before a potential move toward resistance. On the 15-minute chart, GORK attempted to break out of descending channel formations three times within the past 36 hours. Each time, it was rejected under the $0.079–$0.080 resistance zone. These repeated failures near $0.07906 form a clear short-term supply area, with sellers consistently stepping in. However, the uptrend line formed from the April 30 swing low is still technically active, though now being tested as support. If this trendline fails to hold, immediate downside could extend toward the $0.053–$0.057 zone, where the price last consolidated before the recent breakout. The 4-hour chart remains structurally early, but the candle structure confirms that price is respecting higher lows since May 1, with the $0.05879 zone emerging as key support. Any bullish continuation through $0.080 would likely target the $0.09–$0.10 zone quickly, though breakout volume remains a concern at this stage. Based on the combined momentum readings and visible chart structure, the broader 2025 outlook shows a high-probability consolidation range forming between $0.04 and $0.09. This accumulation range has already triggered upside spikes, and if the pattern matures into a full ascending triangle or wedge, a breakout toward $0.11850–$0.15125 by Q4 appears technically viable. This projected range aligns with GORK’s initial breakout from the $0.036 accumulation base, followed by a surge toward $0.09. A confirmed daily close above the resistance at $0.07906 would likely trigger continuation toward $0.11850 and beyond, while failure to hold the $0.052 support may delay further upside until later in 2025. The current 200 EMA on the 15-minute chart sits at $0.05201, which coincides with long-term support observed across multiple timeframes. As long as this zone remains intact, the bullish bias remains cautiously valid. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.